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Non-U.S. Stocks Are Drawing
Cautious Views From Managers

By

Michael R. Sesit Staff Reporter of The Wall Street Journal

Updated July 1, 1996 12:34 a.m. ET

LONDON -- What does it take to satisfy these people? Despite the relatively good first-half performance in international stock markets, money managers are still grousing about how hard it will be to squeeze solid returns out of non-U.S. shares.

Gary P. Brinson, president of Brinson Partners Inc., a money-management firm in Chicago, will tell you that Australia, Belgium, France, Holland, Spain, New Zealand and -- to a lesser degree --...